Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) increased the price range of its initial public offering scheduled to launch on Friday, Sept 19. The new price range of $66 to $68 from the previous $60 to $66 is an indicator of the strong demand for shares of the e-commerce portal founded by former teacher Jack Ma.

At least 75 people have died after a car parts plant in China exploded over the weekend. The plant located in eastern Jiangsu Province manufactured for a number of global car companies, including US giant General Motors (GM).

US San Francisco Fed President Williams (non-voter) spoke overnight and reiterated that he does not expect the Fed to raise interest rates ´´for some time´´. Although he did not specify what time period he had in mind, he has previously said that he expects a move in the second half of 2015.

In US economic data, factory orders rose by 0.7% in April, above the forecast 0.5% gain. Chain store sales in the latest week were up 3.5% on a year earlier, up from 3.2% in the previous week. And the ISM New York index rose from 627.4 to 630.1 in May.

German Chancellor Angela Merkel retained her most powerful woman status Forbes magazine's list released on Thursday. It is the fourth straight year that she was recognised for wielding power, but she has been number 1 on the list nine times.

South Korean automaker Hyundai Motor Co is now the greenest automaker in the United States, unseating Honda Motor Co of Japan, based on the latest Automaker Rankings report released by the Union of Concerned Scientists' (UCS).

"Man of Steel 2" aka "Batman vs Superman" is one of the most anticipated movies in the coming times. Fans are eager to see how will the new Batsuit and Batmobile will look like. A lot of fan made images of Batsuit and Batmobile are doing round of the social media, which clearly show how eager fans are to know what Ben Affleck will don and how will his vehicle look like.

While the world has still to see Apple's iOS in full swing with CarPlay, Google and Audi are already collaborating for an Android car. The big players in the mobile computing world are looking at the automotive industry now - and planning to set a trend.